ASH
$71.15-0.61%
ASH financial statements
The full income statement, balance sheet, and cash-flow statement for Ashland Inc. (ASH), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 48.8M2024-09 47.1M2024-12 47.2M2025-03 45.7M2025-06 45.7M2025-09 43.0M2025-12 45.8M2026-03 45.8M2026-06 45.8M-6.2% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofSep 30 ’25 | as ofSep 30 ’24 | as ofSep 30 ’23 | as ofSep 30 ’22 | as ofSep 30 ’21 | |
| Revenue | 1.82B-13.7% | 2.11B-3.6% | 2.19B-8.4% | 2.39B+13.3% | 2.11B+4.7% | |
| 549M-11.2% | 618M-7.5% | 668M-19.5% | 830M+23.9% | 670M+11.9% | ||
| Cost of revenue | 1.27B-14.7% | 1.50B-1.8% | 1.52B-2.4% | 1.56B+8.3% | 1.44B+1.7% | |
| Research & development | 54.0M-1.8% | 55.0M+7.8% | 51.0M-7.3% | 55.0M+10.0% | 50.0M-10.7% | |
| Selling, general & administrative | 344M-14.9% | 404M+10.7% | 365M-7.1% | 393M+9.8% | 358M-10.5% | |
| Amortization of intangibles | 63.0M-17.1% | 76.0M-18.3% | 93.0M-1.1% | 94.0M+4.4% | 90.0M+7.1% | |
| Provision for credit losses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating income | -775M-2880.8% | -26.0M-115.1% | 172M-48.3% | 333M+73.4% | 192M+141.6% | |
| Interest expense | 2.00M+0.0% | 2.00M-33.3% | 3.00M-25.0% | 4.00M-80.0% | 20.0M-67.7% | |
| Net interest income | -33.0M-237.5% | 24.0M+500.0% | -6.00M+96.0% | -149M-166.1% | -56.0M+52.9% | |
| Gain (loss) on equity securities | 20.0M-66.7% | 60.0M+106.9% | 29.0M+128.4% | -102M-585.7% | 21.0M+5.0% | |
| Pre-tax income | -809M-3270.8% | -24.0M-115.0% | 160M-22.3% | 206M+52.6% | 135M+123.4% | |
| Income tax | 13.0M+105.8% | -223M-2687.5% | -8.00M-132.0% | 25.0M+165.8% | -38.0M-72.7% | |
| -845M-600.0% | 169M-5.1% | 178M-80.8% | 927M+321.4% | 220M+143.3% | ||
| Income from continuing operations | -822M-513.1% | 199M+18.5% | 168M-7.2% | 181M+4.6% | 173M+131.2% | |
| Discontinued operations | -23.0M+23.3% | -30.0M-400.0% | 10.0M-98.7% | 746M+1487.2% | 47.0M+0.0% | |
| -$18.23-642.6% | $3.36+1.5% | $3.31-79.8% | $16.41+357.1% | $3.59+142.8% | ||
| EPS (basic) | -$18.23-636.2% | $3.40+1.2% | $3.36-79.9% | $16.71+360.3% | $3.63+143.3% | |
| Weighted-avg shares (basic) | 46.0M-6.1% | 49.0M-7.5% | 53.0M-3.6% | 55.0M-8.3% | 60.0M-1.6% | |
| Weighted-avg shares (diluted) | 46.0M-8.0% | 50.0M-7.4% | 54.0M-3.6% | 56.0M-8.2% | 61.0M+0.0% | |
| Dividends per share | $1.64+3.8% | $1.58+9.7% | $1.44+13.4% | $1.27+10.4% | $1.15+4.5% | |
| Balance Sheet | as ofSep 30 ’25 | as ofSep 30 ’24 | as ofSep 30 ’23 | as ofSep 30 ’22 | as ofSep 30 ’21 | |
| 1.21B+0.8% | 1.20B-20.7% | 1.51B-14.8% | 1.77B+3.0% | 1.72B+11.0% | ||
| Cash & equivalents | 215M-28.3% | 300M-28.1% | 417M-35.4% | 646M+207.6% | 210M-53.7% | |
| Accounts receivable | 242M-0.4% | 243M-28.1% | 338M-15.9% | 402M+8.9% | 369M-15.6% | |
| Inventory | 568M+4.2% | 545M-12.9% | 626M-0.5% | 629M+33.0% | 473M-6.5% | |
| Other current assets | 180M+68.2% | 107M-14.4% | 125M+37.4% | 91.0M+33.8% | 68.0M-21.8% | |
| 4.61B-18.3% | 5.64B-5.0% | 5.94B-4.4% | 6.21B-6.0% | 6.61B-3.9% | ||
| Property, plant & equipment | 1.20B-7.8% | 1.30B-5.1% | 1.37B+2.6% | 1.34B-6.2% | 1.43B-3.9% | |
| Operating lease right-of-use | 103M-9.6% | 114M-6.6% | 122M+14.0% | 107M-13.7% | 124M-1.6% | |
| Goodwill | 705M-49.0% | 1.38B+1.4% | 1.36B+3.8% | 1.31B-8.3% | 1.43B+9.6% | |
| Intangible assets | 563M-25.0% | 751M-15.2% | 886M-8.0% | 963M-12.4% | 1.10B+8.7% | |
| Deferred tax assets | 157M-25.2% | 210M+854.5% | 22.0M+10.0% | 20.0M-33.3% | 30.0M+15.4% | |
| Other non-current assets | 253M-4.2% | 264M+5.2% | 251M-1.2% | 254M-4.9% | 267M-32.2% | |
| Total non-current assets | 3.41B-23.5% | 4.45B+0.4% | 4.43B-0.3% | 4.45B-9.2% | 4.89B-8.2% | |
| 423M-13.7% | 490M+7.5% | 456M-17.5% | 553M-40.8% | 934M+14.9% | ||
| Accounts payable | 189M-11.7% | 214M+1.9% | 210M-20.8% | 265M+12.3% | 236M+11.8% | |
| Accrued liabilities | 213M-16.8% | 256M+23.1% | 208M-22.7% | 269M+7.2% | 251M-7.7% | |
| Short-term & current debt | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 9.00M | |
| Current lease liability | 21.0M+5.0% | 20.0M-9.1% | 22.0M+15.8% | 19.0M-17.4% | 23.0M+4.5% | |
| Long-term debt | 1.38B+2.6% | 1.35B+2.7% | 1.31B+3.5% | 1.27B-20.4% | 1.60B+1.5% | |
| Non-current lease liability | 85.0M-14.1% | 99.0M-6.6% | 106M+12.8% | 94.0M-14.5% | 110M-3.5% | |
| Operating lease liability (total) | 106M-10.9% | 119M-7.0% | 128M+13.3% | 113M-15.0% | 133M-2.2% | |
| Deferred tax liabilities | 31.0M+6.9% | 29.0M-80.4% | 148M-15.9% | 176M-25.7% | 237M+3.5% | |
| Other non-current liabilities | 299M+4.5% | 286M-1.7% | 291M-10.5% | 325M-6.9% | 349M-19.2% | |
| Total non-current liabilities | 2.28B-0.1% | 2.29B-4.1% | 2.39B-2.2% | 2.44B-16.6% | 2.93B-3.4% | |
| 1.90B-33.6% | 2.87B-7.4% | 3.10B-3.8% | 3.22B+17.0% | 2.75B-9.4% | ||
| Common stock | 1.00M+0.0% | 1.00M+0.0% | 1.00M+0.0% | 1.00M+0.0% | 1.00M+0.0% | |
| Additional paid-in capital | 6.00M | — | 4.00M-97.0% | 135M-58.7% | 327M-57.5% | |
| Retained earnings | 2.30B-30.7% | 3.31B-7.8% | 3.60B-1.6% | 3.65B+30.7% | 2.80B+5.5% | |
| Accumulated other comprehensive income | -401M+10.5% | -448M+10.9% | -503M+11.6% | -569M-53.0% | -372M+2.9% | |
| Total equity incl. non-controlling | 1.90B-33.6% | 2.87B-7.4% | 3.10B-3.8% | 3.22B+17.0% | 2.75B-9.4% | |
| Total liabilities & equity | 4.61B-18.3% | 5.64B-5.0% | 5.94B-4.4% | 6.21B-6.0% | 6.61B-3.9% | |
| Common shares issued | 46.0M-2.1% | 47.0M-7.8% | 51.0M-5.6% | 54.0M-5.3% | 57.0M-6.6% | |
| Shares outstanding (cover) | 45.7M-3.0% | 47.1M-8.1% | 51.3M-5.3% | 54.1M-4.7% | 56.8M-6.2% | |
| Cash Flow | as ofSep 30 ’25 | as ofSep 30 ’24 | as ofSep 30 ’23 | as ofSep 30 ’22 | as ofSep 30 ’21 | |
| 134M-71.0% | 462M+57.1% | 294M+52.3% | 193M-58.6% | 466M+105.3% | ||
| Depreciation & amortization | 237M-13.5% | 274M+12.8% | 243M+0.8% | 241M-1.2% | 244M+3.8% | |
| Intangible amortization | 63.0M-17.1% | 76.0M-18.3% | 93.0M-1.1% | 94.0M+4.4% | 90.0M+7.1% | |
| Share-based compensation | 14.0M-6.7% | 15.0M-31.8% | 22.0M+22.2% | 18.0M+20.0% | 15.0M+7.1% | |
| Deferred income taxes | 73.0M+124.2% | -302M-843.8% | -32.0M+8.6% | -35.0M-34.6% | -26.0M+38.1% | |
| Change in receivables | 3.00M+103.1% | -96.0M-65.5% | -58.0M-352.2% | 23.0M+131.9% | -72.0M-3500.0% | |
| Change in inventory | 28.0M+135.4% | -79.0M-1228.6% | 7.00M-95.0% | 141M+443.9% | -41.0M+35.9% | |
| Change in payables | -63.0M-212.5% | 56.0M+150.0% | -112M-429.4% | 34.0M+1033.3% | 3.00M+106.5% | |
| -3.00M+94.1% | -51.0M+53.2% | -109M | — | — | ||
| Capital expenditure | 98.0M-28.5% | 137M-19.4% | 170M+50.4% | 113M+7.6% | 105M-21.1% | |
| Free cash flow | 36.0M-88.9% | 325M+162.1% | 124M+55.0% | 80.0M-77.8% | 361M+284.0% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 309M | |
| Proceeds from sale of PP&E | 16.0M | 0.00-100.0% | 11.0M-78.4% | 51.0M+920.0% | 5.00M+0.0% | |
| Other investing activities | 0.00-100.0% | 10.0M | 0.00 | 0.00 | — | |
| -179M+62.6% | -479M-29.1% | -371M+58.6% | -896M-110.3% | -426M-4833.3% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 450M-44.0% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00-100.0% | 250M-39.2% | 411M-46.4% | |
| Net short-term debt | 0.00+100.0% | -16.0M-200.0% | 16.0M+104.4% | -365M-534.5% | 84.0M-27.0% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 100M-73.7% | 380M+26.7% | 300M+50.0% | 200M-55.6% | 450M | |
| Dividends paid | 76.0M-2.6% | 78.0M+2.6% | 76.0M+8.6% | 70.0M+0.0% | 70.0M+6.1% | |
| FX effect on cash | — | — | — | — | 3.00M+50.0% | |
| Net change in cash | -85.0M+27.4% | -117M+48.9% | -229M-152.5% | 436M+278.7% | -244M-209.9% | |
| Interest paid | 54.0M+3.8% | 52.0M-1.9% | 53.0M-5.4% | 56.0M-9.7% | 62.0M-19.5% | |
| Income taxes paid | 33.0M-37.7% | 53.0M-15.9% | 63.0M-84.5% | 406M+40500.0% | 1.00M-98.9% | |
| Valuation Ratios | as ofSep 30 ’25 | as ofSep 30 ’24 | as ofSep 30 ’23 | as ofSep 30 ’22 | as ofSep 30 ’21 | |
| Market cap | 2.06B-49.7% | 4.10B-2.1% | 4.19B-18.6% | 5.14B+1.5% | 5.07B+17.9% | |
| P/E | — | 24.2×+37.9% | 17.6×+217.0% | 5.5×-75.9% | 23.0× | |
| P/S | 1.1×-41.8% | 1.9×+6.8% | 1.8×-15.6% | 2.2×-10.4% | 2.4×+12.6% | |
| P/B | 1.1×-24.3% | 1.4×+7.5% | 1.3×-16.8% | 1.6×-13.2% | 1.8×+30.1% | |
| P/FCF | 57.2×+353.9% | 12.6×-41.3% | 21.5×-66.6% | 64.3×+358.1% | 14.0×-69.3% | |
| Earnings yield | — | 4.1%-27.5% | 5.7%-68.5% | 18.0%+315.1% | 4.3% | |
| FCF yield | 1.7%-78.0% | 7.9%+70.3% | 4.7%+199.5% | 1.6%-78.2% | 7.1%+225.7% | |
| Dividend yield | 3.4%+88.4% | 1.8%+3.0% | 1.8%+31.8% | 1.3%+3.6% | 1.3%-16.8% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: ASH’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ASH filings on SEC EDGAR → Not investment advice.